Gramercy District rendering. Photo by 22 Capital Partners.

CHANTILLY, VA–22 CityLink, the private equity company behind the $500 million smart city it is developing here — which, it says, will be the first in the US — has reached an agreement with the landowner adjacent to the project, the Gramercy District. The agreement calls for the landowner, Ashburn 2005 LLC, a Leesburg, VA-based firm, to add its 8.15 acres to the campus, thus expanding Gramercy District to over 24 acres. Those 8.15 acres will be called Gramercy District West Campus or Gramercy West.

The deal also calls for a mixed-use retail and office building to be developed on Ashburn 2005's acreage that will deliver in late 2018.

22 CityLink will then use this building to open Gramercy District for office tenants one year earlier than planned.

“We are thrilled to support 22 CityLink's efforts in accelerating business growth and bringing high-tech jobs to Loudoun County,” said David Gregory, managing partner of Ashburn 2005, in a prepared statement.

Gramercy District plans to create an Innovation Campus as part of its smart city.

22 Capital Partners is partnering with a number of companies to deliver on its vision, including Microsoft, George Washington University, Bowman Consulting Group, McGuire Woods, Benton Potter & Murdock, the Tishman Construction unit of AECOM, TRINITY Group Construction, DVA Architects and Greystar.

Originally, the first phase of Gramercy was to consist of 268 luxury apartment units, 10,000-square feet of shared office space, 25,800-square feet of retail and up to 40,000-square feet marketplace, retail and accelerator space.

After the new Ashburn Metro station plaza delivers, Gramercy will roll out another 322 luxury apartment units, 8,000-square feet of shared office space and 25,000-square feet of more retail. Later phases will include a hotel and two high-rise office/retail complexes.

Clearly Gramercy District is meant to be another live-work-shop-play enclave in the area — with the distinction that it is supported by the latest in wireless and Internet technology via 22 CityLink Smart City In-a-Box platform.

The idea is to incorporate the latest in business intelligence in residents' and business owners' day to day lives. Smart office buildings will be aligned with neighborhood management and sustainable land use operations. Consumers' smartphones will automatically receive curated deals from nearby retailers. Restaurants automatically recognize their best customers.

And then there are the jobs that will accompany these services. “We like that they are addressing the education and training needed to fulfill 21st-century jobs,” Gregory of Ashburn 2005 said.

Gramercy District rendering. Photo by 22 Capital Partners.

CHANTILLY, VA–22 CityLink, the private equity company behind the $500 million smart city it is developing here — which, it says, will be the first in the US — has reached an agreement with the landowner adjacent to the project, the Gramercy District. The agreement calls for the landowner, Ashburn 2005 LLC, a Leesburg, VA-based firm, to add its 8.15 acres to the campus, thus expanding Gramercy District to over 24 acres. Those 8.15 acres will be called Gramercy District West Campus or Gramercy West.

The deal also calls for a mixed-use retail and office building to be developed on Ashburn 2005's acreage that will deliver in late 2018.

22 CityLink will then use this building to open Gramercy District for office tenants one year earlier than planned.

“We are thrilled to support 22 CityLink's efforts in accelerating business growth and bringing high-tech jobs to Loudoun County,” said David Gregory, managing partner of Ashburn 2005, in a prepared statement.

Gramercy District plans to create an Innovation Campus as part of its smart city.

22 Capital Partners is partnering with a number of companies to deliver on its vision, including Microsoft, George Washington University, Bowman Consulting Group, McGuire Woods, Benton Potter & Murdock, the Tishman Construction unit of AECOM, TRINITY Group Construction, DVA Architects and Greystar.

Originally, the first phase of Gramercy was to consist of 268 luxury apartment units, 10,000-square feet of shared office space, 25,800-square feet of retail and up to 40,000-square feet marketplace, retail and accelerator space.

After the new Ashburn Metro station plaza delivers, Gramercy will roll out another 322 luxury apartment units, 8,000-square feet of shared office space and 25,000-square feet of more retail. Later phases will include a hotel and two high-rise office/retail complexes.

Clearly Gramercy District is meant to be another live-work-shop-play enclave in the area — with the distinction that it is supported by the latest in wireless and Internet technology via 22 CityLink Smart City In-a-Box platform.

The idea is to incorporate the latest in business intelligence in residents' and business owners' day to day lives. Smart office buildings will be aligned with neighborhood management and sustainable land use operations. Consumers' smartphones will automatically receive curated deals from nearby retailers. Restaurants automatically recognize their best customers.

And then there are the jobs that will accompany these services. “We like that they are addressing the education and training needed to fulfill 21st-century jobs,” Gregory of Ashburn 2005 said.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.